Land Peel

By necessity, the Japanese have an intuition for space-saving design that shines in their products and architecture. But this concept might be one of the cleverest. Created by Shin Yamashita, a student at the Kyoto Institute of Technology, Land Peel is a foam floor covering which also has panels that flip up and fold, to become any sort of furniture you might need: From a table, to a backrest, to a drink tray, to a footrest, to a pillow. Now, that's minimalism at its maximum.

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